The US and China are set to hold another round of trade negotiations in Stockholm next week, with US Treasury Secretary Scott Bessent signaling that the looming August 1 tariff deadline will likely be extended.
The Trump administration is prioritizing the quality of trade agreements over speed, using the threat of steep tariffs as leverage to secure better terms. Talks may also expand to cover sensitive issues like China's purchases of Russian and Iranian oil. While some tariffs on other countries are expected to take effect as scheduled, the US is not rushing deals and is seeking greater concessions from its trade partners.
The outcome of these negotiations could have significant impacts on global trade and economic relations.
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